Need a cozy little place to
call your own? We've got good news. Alabama boasts very affordable
housing prices in comparison with the rest of the United States.
The median price for a home in Alabama is $92,255, while the
US median price is $123,700. Alabama mortgage rates average 7.90%.
Of course, Alabamians may pay less for housing, but they also
make less than many Americans. While median income in the rest
of the U.S. runs $43,140, Alabamians pull in a median income
of $37,100. Lucky for us a diminished cost of living accompanies
those diminished salaries.

Average monthly housing payments vary depending on the city
in which you reside. Huntsvillians pay the smallest average monthly
payments at $581. Birminghamians pay the most at $668 a month
on the average. Mobilians fall between these two extremes with
$608 average monthly payments.

Of course, if you're not in a buying mood, abundant opportunities
exist for apartment rentals. And if it's temporary shelter you
seek, a plethora of hotels and motels awaits you in this state
known for its hospitality and comfort.